Blue Barn Wealth LLC Has $454,000 Stake in Mastercard Incorporated (NYSE:MA)

Blue Barn Wealth LLC trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 14.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,064 shares of the credit services provider’s stock after selling 176 shares during the period. Blue Barn Wealth LLC’s holdings in Mastercard were worth $454,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Mastercard by 3.4% during the third quarter. Brighton Jones LLC now owns 5,280 shares of the credit services provider’s stock valued at $2,091,000 after buying an additional 174 shares during the last quarter. WESPAC Advisors LLC grew its holdings in Mastercard by 74.3% in the 3rd quarter. WESPAC Advisors LLC now owns 2,111 shares of the credit services provider’s stock valued at $836,000 after buying an additional 900 shares in the last quarter. Chatham Capital Group Inc. raised its position in Mastercard by 10.8% in the third quarter. Chatham Capital Group Inc. now owns 4,983 shares of the credit services provider’s stock valued at $1,973,000 after purchasing an additional 486 shares during the last quarter. Calamos Wealth Management LLC raised its holdings in shares of Mastercard by 62.0% in the 3rd quarter. Calamos Wealth Management LLC now owns 8,898 shares of the credit services provider’s stock worth $3,523,000 after acquiring an additional 3,406 shares during the last quarter. Finally, Baystate Wealth Management LLC raised its position in shares of Mastercard by 55.8% in the third quarter. Baystate Wealth Management LLC now owns 1,426 shares of the credit services provider’s stock valued at $565,000 after purchasing an additional 511 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other news, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the completion of the sale, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Michael Miebach sold 7,851 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the transaction, the chief executive officer now owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the sale, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 872,088 shares of company stock worth $395,452,118. Company insiders own 0.13% of the company’s stock.

Mastercard Price Performance

MA traded up $1.71 during midday trading on Wednesday, reaching $454.77. 2,305,998 shares of the company’s stock were exchanged, compared to its average volume of 2,469,559. The firm has a market capitalization of $424.25 billion, a price-to-earnings ratio of 35.93, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. Mastercard Incorporated has a one year low of $357.85 and a one year high of $490.00. The business has a 50-day simple moving average of $468.64 and a two-hundred day simple moving average of $439.23. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.09. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.80 earnings per share. As a group, research analysts predict that Mastercard Incorporated will post 14.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MA shares. BMO Capital Markets boosted their price objective on shares of Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Oppenheimer reissued an “outperform” rating and issued a $510.00 price target on shares of Mastercard in a research report on Thursday, February 1st. JPMorgan Chase & Co. reduced their price target on Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Raymond James upped their price target on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, The Goldman Sachs Group boosted their price target on shares of Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Two investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $496.27.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.